Indonesia’s Ministry of Energy and Mineral Resources (ESDM) announced that renewable energy investment in the country has reached USD 1.49 billion (equivalent to IDR 24.04 trillion, assuming an exchange rate of IDR 16,137 per USD) in 2024. Eniya Listiani Dewi, Director General of New and Renewable Energy, revealed during the EBTKE Stakeholder Performance Appreciation event in Jakarta that regulatory reforms, particularly Ministerial Regulation (Permen) No. 11/2024 on the Use of Domestic Products for Electricity Infrastructure, have spurred significant investment growth. This regulation has accelerated geothermal power plant (PLTP) and solar power plant (PLTS) projects, contributing USD 609 million (IDR 9.81 trillion) of the total investment.
Additionally, the geothermal sector contributed IDR 2.1 trillion to Non-Tax State Revenue (PNBP) this year. The government also added 547.4 MW of new renewable energy capacity in 2024, bringing the total domestic renewable energy capacity to 14.1 GW. As of this year, the renewable energy mix in Indonesia reached 13.93%, with a target of 23% by 2025. These achievements underscore the government's commitment to supporting the energy transition under President Prabowo Subianto's administration over the next five years.
